This chemical is widely used as a highly efficient chiral catalyst in asymmetric hydrogenation reactions, particularly in the pharmaceutical and fine chemical industries. It enables the production of enantiomerically pure compounds, which are crucial for the synthesis of active pharmaceutical ingredients (APIs) and other chiral molecules. Its application is prominent in the hydrogenation of ketones, alkenes, and imines, where it provides excellent selectivity and high yields. Additionally, it is employed in the synthesis of complex organic molecules, contributing to the development of drugs, agrochemicals, and specialty chemicals with enhanced efficacy and reduced side effects. Its robustness and versatility make it a preferred choice for industrial and academic research in asymmetric catalysis.